Bitcoin price taps new July high above $62K on weak US jobs data
Cointelegraph 2026-07-02 17:41:26
Context: Bitcoin's price surged to a new July high above $62,000 on a weak US jobs report, which supported the case for an easing inflation policy from the Federal Reserve. This price increase marked a nearly 4% daily gain on the second day of what is being referred to as "green July" for the cryptocurrency. The market's reaction is tied to the latest US labor-market data.
Key Facts
- Bitcoin's price rose to a new July high of over $62,000, reflecting a daily gain of almost 4% on the second day of July.
- The surge in Bitcoin's price was influenced by a weak US jobs report, which is seen as a factor that could lead to an easing inflation policy from the Federal Reserve.